KL Crosses Above Average Analyst Target
June 15, 2018 at 09:05 AM EDT
In recent trading, shares of Kirkland Lake Gold Ltd (KL) have crossed above the average analyst 12-month target price of $20.33, changing hands for $20.40/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level..